If they ever went down mine should have when I showed them they were charging me for twice the size block of land & they didn't.
And I know how it's calculated & since I've been living here there must be at least 60 000 new houses in there council area did it go down ?
All they have done is gone up in price & for that I get reduced council service
This is a classic I used to be able to get a council clean up once a month & I'm still entitled to that but now I can only book them 6 weeks apart & they tell me there not reducing the service because I'm still entitled to 1a month but I can only get them 6 weeks apart .

When I asked has our orbit changed & our months are now two weeks longer they hung up .
I hate councils

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FormulaNova said..I don't think that they ever do.

Indeed.

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Adriano said..

FormulaNova said..I don't think that they ever do.

Indeed.

You are a funny guy. You seem to back yourself into corners, get proven wrong and then insist the corner wasn't a corner, it was really two walls that just meet, so you were right the whole time.

You should get used to being wrong. It helps you learn when you can admit you make mistakes. Just like 9/11.

I make so many mistakes that I assume I am wrong until proven otherwise

I dunno about being funny....

This is about the original statement that one's rates don't increase with individual property values which is clearly false.

It was unclear that the author was discussing hypotheticals and averages and total rate pools....which I later agreed was the point he was trying to get across. Of course the total rate pool is set but if one's own property is assessed to have increased in value, so does your rates. It's a simple concept.

Since you raise 9/11 in STB, let's remember, you think that there's nothing fishy about the WTC complex being totally destroyed weeks after the first private leaseholder took over from 30 years of public ownership....do you by your own standard then "assume you are wrong until proven otherwise" ?

stats.bis.org/statx/srs/table/f3.1

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FlySurfer said..
stats.bis.org/statx/srs/table/f3.1

Interesting that we are 2nd* to Switzerland...

*Maybe crazy debt is a good thing?...

this shows the investor borrowing. A double peak like on NSW and Vic is generally bad news, from my stockmarket buddies opinions.

I'll bite ............... did your stockmarket buddy say why?

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Paddles B'mere said..
I'll bite ............... did your stockmarket buddy say why?

They would say its generally a downward trend rather than upward into the near future.

Looks like this "correction" is starting to look like a crash.....at the rate prices are "correcting".

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it will look that way...but its not.

We've got a long way to the top still and when the crash comes you'll know it.

Just half way man...she's taking a breather as the credit reigns are tightened as rates normalise in the US (and yes that affects what our lenders pay offshore, so take no notice of our RBA they a piss ant drops in the ocean).

Then it will be gloves off and hairdressers and scaffolders will be buying property and playing the stock market...yippy the ride will be on!!!!

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eppo said..We've got a long way to the top still and when the crash comes you'll know it.

Really? The top....of a market correction?

The thing about booms and busts is that they are innately unpredictable because neither the timing nor the severity is knowable. The answer does not lie in the data - booms and busts are not financial events, they are psychological events.

"they are psychological events" - I agree, it's driven by the investor abandoning the investment and only those with the ability to read minds can know when an investor will abandon the investment and what price the investor will accept to abandon it.

Watching House Hunters International from Decatur Alabama. Population 76000

The third house on view priced exactly at 300K is drop dead gorgeous. 4 bed 2 bath,pool,garden from heaven etc.

In Sydney or Melbourne not less than a million but realistically closer to 2 million if not more.

Look online for yourself.

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petermac33 said..
Watching House Hunters International from Decatur Alabama. Population 76000

The third house on view priced exactly at 300K is drop dead gorgeous. 4 bed 2 bath,pool,garden from heaven etc.

In Sydney or Melbourne not less than a million but realistically closer to 2 million if not more.

Look online for yourself.

On wheeler lake and the Tennessee river too Pete! Is there any wind though??

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AUS1111 said..
The thing about booms and busts is that they are innately unpredictable because neither the timing nor the severity is knowable. The answer does not lie in the data - booms and busts are not financial events, they are psychological events.

Sure mate...was the Great Depression all psychological?

300K U.S is 422K Aus.

That leaves around a cool one million to one and a half million left in the bank.

Still think Sydney house prices are not off the charts overpriced?

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petermac33 said..
300K U.S is 422K Aus.

That leaves around a cool one million to one and a half million left in the bank.

Still think Sydney house prices are not off the charts overpriced?

Thing I don't understand is around Perth. There is a huge amount of open land yet land prices were still quite high. I guess this shows you the requirement to make a profit on it, and the need to fund infrastructure when you do.

Even then, the block sizes being released are tiny. More appropriate for Sydney than Perth.

I watch those programs too and i think the difference is that the USA is more distributed and you have a choice of cities to live and work in with a lot of people and a lot of infrastructure. Here, successive governments have just contented themselves with leaving the state capitals as the housing centres and just let them bloat.

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petermac33 said..
300K U.S is 422K Aus.

That leaves around a cool one million to one and a half million left in the bank.

Still think Sydney house prices are not off the charts overpriced?

You've convinced me totally Pete.... of course the price has nothing to do with the location.

It is simple supply and demand. If people wanted to own/live in Alabama more than Sydney, the price would be higher than Sydney (ignoring the difficulties of changing country of residence). Lot of people want to live in Sydney... apparently more then there is houses for. Therefore the price is high.

Haha tell the people living in Caracas that location has nothing to do with price.....

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juicyfruit said..
Haha tell the people living in Caracas that location has nothing to do with price.....

If you are replying to vosadrian's reply, then I am guessing you are missing that its a sarcastic comment.

Petermac is hoping for a house price crash so that he feels happier for advocating living under a freeway overpass in a cardboard box with a pile of silver coins from the Perth Mint.

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AUS1111 said..
The thing about booms and busts is that they are innately unpredictable because neither the timing nor the severity is knowable. The answer does not lie in the data - booms and busts are not financial events, they are psychological events.

Oh boy ... I will try again I suppose ...


Is that right? I'd say they are entirely predictable and are financial as wells as psychological.

When you commoditise land price by allowing the appreciation of this land to be traded privately then there will be a boom and bust as the sun will rise and fall. It just has to happen.

The economic rent (the speculative profit above the intrinsic value) derived from private ownership of land is the mother of all government granted (by law) vehicles.(and they will go to war if need be to protect this).

Let me keep it simple for you... because it is.

You own land and then infrastructure is built up around it... hospitals, schools, train lines etc etc.

who pays for this ?

Taxpayers....

who gains from this via the land value that will rise.

The owner.

So the private owner makes money off the the dollars spent by the public purse....

What would an intelligent owner do with this equity generated... by more land.

Now consider this scenario for larger scale property developers, cattle station owners, industrial land owners and developers.

So borrowing on further speculation (due to human psychology) will continue (and infact amplify) until the economy cannot support the price being asked. Last sucker is left holding the hot potato.

Then land value drops below the lending against it, banks balance sheet becomes increasingly unhealthy and the credit crack we've become addicted to dries up.

Then who bails out the big big banks who lent this money (even after they have foreclosed, repossessed the titles )?

Thats right the taxpayers again.

There is nothing to be gained by this private land ownership for the country and community as a whole. Land should be leased and the gains payed as a land tax to the people and distributed back to the people - Singapore do it through a sovereign fund, each citizen receives a yearly income.... oh and by the way they are nearly the wealthiest country (and should be by 2050 per capita) and they have less land than anyone. Go stick that up your arguments for private ownership.

No one should be allowed to own land nor gain from its increased value. Citizens should be able to lease then generate income from it by using it for productive purposes. Gains in the land should be taxed away. Our Canberra forefathers knew this when they initially created Canberra.

This would also eliminate most government needed taxes and hence most of the government.

Then we could participate with true capatalism, not this shonky distorted system we work in that just rewards those with government granted licenses. It's is entirely corrupted and severely broken. If you can't see this then you must be more deluded than anyone could imagine. Or just truly uneducated. Or worse... highly educated in the witch doctor PhD economic models they spew out. Smoke, mirrors and bull****. It truly is very simple.

....but alas we are not about the country but about our greedy little selves in the end. Human psychology 101 what's in it for me.


oh and then the stock market goes... not before... it's an effect not a cause.

Banks go south because of speculative land lending practises and the lack of credit squeezes markets ... and they correct.... and like a tick tock clock, they eventually crash. Next ones gonna be a corka!!!

So it's both financial (structural) and psychological.

Ho hum I can only try ....

^^ As much as you might like to think you possess some incredible insight that others don't see, I don't disagree with you and most economists wouldn't. What I said is that the timing and severity are not knowable as these are driven by psychology.

If you had to build a theoretical system from scratch nobody would be permitted to own land as it is inherently unfair, and you're right in saying that nobody should attain wealth purely through the appreciation of land. That said, a dose of political pragmatism is required - we can't upend a system that has existed since before land was considered finite. That won't happen and going around yelling that the system is broken wont change that. Not only that, but the system has served us very well up until now.

So as I have stated previously, the way forward is incremental change, and that can be achieved via land tax (nothing to do with council rates), so that the benefits of capital appreciation conferred on land-owners are gradually transferred to society as whole.

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Adriano said..

Sure mate...was the Great Depression all psychological?

All psychological? No. Very-much psychological - yes! There was nothing inherently wrong in the 1930s that made a prolonged depression necessary.

I would believe that pretty much all crashes are caused by a drop in investor confidence causing the investor to dump the investment and erode consumer confidence even more, it's totally a mind game. How else an you explain things like the great depression, how can an apple be worth $2 one day and then only 50c the next day, it's the same apple on a different day. The answer is in the mind of the investor, what price is he/she willing to pay to get in and what price is he/she willing to accept to dump it and get out? Some investors can ride it out and stay rich or get richer, some will fall. It's very psychological and the market is very fickle.

The powers that be know full well of course when the next crash is coming

Google Chicago stock exchange closes 911.00 on the anniversary of 911

They buy and sell billions on the Stockmarket.

The PPT - Google plunge protection team - they now call it I believe - part of the federal reserve - privately owned.

Have heard a large percentage of the trading on the Stockmarket is by them.

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FormulaNova said..

juicyfruit said..
Haha tell the people living in Caracas that location has nothing to do with price.....

If you are replying to vosadrian's reply, then I am guessing you are missing that its a sarcastic comment.

Petermac is hoping for a house price crash so that he feels happier for advocating living under a freeway overpass in a cardboard box with a pile of silver coins from the Perth Mint.

Nah I think you've missed that I was agreeing with vosadrian, given that Caracas has one of the lowest costs of living in the world due to bad stuff like chaos and poverty. Obviously it's location location location...

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juicyfruit said..

FormulaNova said..

juicyfruit said..
Haha tell the people living in Caracas that location has nothing to do with price.....

If you are replying to vosadrian's reply, then I am guessing you are missing that its a sarcastic comment.

Petermac is hoping for a house price crash so that he feels happier for advocating living under a freeway overpass in a cardboard box with a pile of silver coins from the Perth Mint.

Nah I think you've missed that I was agreeing with vosadrian, given that Caracas has one of the lowest costs of living in the world due to bad stuff like chaos and poverty. Obviously it's location location location...

Okay, no probs. I figured you were agreeing with the last post of PM33's. You weren't.

No sweat. Why would you think that? I thought the sarcasm was obvious.